Doubleview Gold (CVE:DBG) Shares Up 19.4% – Should You Buy?

Doubleview Gold Corp. (CVE:DBG) shares shot up 19.4% during trading on Thursday . The stock traded as high as C$0.76 and last traded at C$0.74. 501,916 shares changed hands during trading, an increase of 131% from the average session volume of 217,272 shares. The stock had previously closed at C$0.62.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$0.77 price objective on Doubleview Gold and gave the company a “buy” rating in a research note on Monday, January 6th.

Doubleview Gold Trading Up 11.3 %

The firm’s 50-day moving average price is C$0.45 and its 200 day moving average price is C$0.41. The company has a market cap of C$148.45 million, a price-to-earnings ratio of -94.26 and a beta of 1.27.

Doubleview Gold Company Profile

Doubleview Gold Corp. engages in the acquisition, exploration, and development of mineral resource properties in British Columbia. The company explores for copper, gold, silver, and zinc deposits. It holds a 100% interest in the Hat property with nine mineral claims covering an area of approximately 3,561.43 hectares located in northwestern British Columbia; and 90% interests in the Red Spring property that comprise 6 mineral claims, which covers an area of approximately 4,224.34 hectares situated in Omineca district, British Columbia.